"(iv) a corporation registered under the International Business Corporation Act." and

(2) by deleting p:m~gmph (b).

Insertion of new 3. The principal Act is mended by inserting after section 33 the sections ir. principal f ollowing sections - Act.

Registration as 33A (1) Notwithstanding any other provision Chartered of this .4ct, an Antigum and Barbudan ship may be Barebats in a Foreign Register registered as a charhered bareboat in a foreign

register a d may use the colours of the country of such foreign register.

(2) Registration as a cimmred bareboat within the meaning of this Chapter is the registration in a foreign register for such period of time as the Registrar may approve and under f w d legal conditionsdaship which continues toberegistaed in the Antiguan and Barbudan register.

(3) Bmboat chamring within the meaning of this C h p w is the sane as under section 25 (4).

Conditions of 33B (1) A chartered bmboat m y be regicLrd for under this Chapter in a foreign register on the

Regist-ation of Chartered application of the registered owner for such period

in a as the Registrar may approve if - Foreign Register

(a) the shrp is registered as an Antigoan and Barbudan ship under Chapter 1,

(b) the hw of the counrry of the fmig regislr dbws the regis&aiimi n* clmtered bareboats in its regisis,

~ a m e of Char- 33C. (1) A ship registered under Chapter 1 wed Bareboats when being registered in a foreign register under regiaaed in a this Chapter shall keep the name undq which it is Foreign Register. registered in Antigua and Barbuda.

(2) The m e ofa ship registered in hdguaand Barbuda and registered as a chartered barehat in a foreign register may be changed with the written permission of the Registrar only if such chang2 is beimg effected also in the foreign register; but such namemay not be the sane as that of aship registered in the Antigum and Barbudrun register.

Flag. 33D. Dmingt?zetimeanAntiguanandBarbudan ship is regismd as achamred bareboat in a foreign register under the provisions of this Chapter such ship shall hoist &e flag of the country of the foreign register mci shall not hoist the Antiguan and Barbudan Flag.

Exclusive 33E. (1) Notwithstanding thatan A n t i g ~ and Am1id0n of Barbudan $hip may be registered as a bareboat in a Antiguan and BarbUdm Law foreign register, dinuaers with respect to title over in resped of the ship, mortgages and other encumbces shall ownership and continue to be governed by Antiguan and Barbudan encumbrances. law.

(2) Any transaction affecting the title over the ship or relating to the registration, amendment, transfer and transmission and discharge of mortgages shall be made a d registered in ztamhce with the prowsions ofthis Act and only by the person or legal entities specifned therein.

(3) Where a c h m e d h e b a t is granted permission to be registered in a foreign rcgieter under this Chapter, mortgages and otbea e t ~ u m b m c e s under Antiguan and Barbudan law which are a charge on the ship at the time d regismtion in the foreign register shall cunti.nur to exist and be >e charge un the ship.

(4) Mortgages md encumbrances referred to in subsection (3) continue to be governed by Antiguan and Barbudan jaw and are qot affected by the fact of the registration of the ship 3s a c b r k r d bareboat in a foreign register; and such mortgages and other encumbrances m y only be peecr?M in the foreign register for purpose of information.

(54 Notwithstanding the registration of a ship as a chartered bareboat in a foreign register under this Chapter amortgage or encumbrance may kcread over the ship only by the shipowner and in accordance with Antiguan and Barbudan law.

(6) The shipowner shall immediately no@ the Registrar of the closure or lapse of the registration as a chrtered bareboat in the foreign register.

Withdrawalof 33F. (1) The Registrar may withdraw the Petmission. permission to the registration of the ship as a

chatZered bareboat in a foreign register if -

(a) my of the wtditions of subsection (1) of section 33 d this Act bas not been fdfilledorceasestobefuIfnlld or

(& the shipowner fails to comply with any other applicable provision of this Act, or

(3) Upon termination of the permission to the registration of the ship as a charmed bareboat in a foreign register the Registrar shall make an entry thereof in the register, and the ship shall thereupon be again subject to all the provisions of this Act and other Antiguan and Barbudan law applying on ships registered in Antigua and Barbuda and the Registrar shall again issue to the shipowner a Certificate of Antigua and Barbuda Regismtion unless the shipowner shall fail to comply with any requirement under this Act for the issuance of such &cate.

Repeal and 4. Section 61 of the principal Act is repealed and the following substitution of is substituted - section 61 of principal Act.

61. In this Part-

"home tradearea"meansanareabetween the following hies:

North: the parallel latitude of 3 1 degrees

South: tbe Equator

West : the Coastline of Continend America lying between the Northern and Southern limits givem above.

a t : the Meridian of 50 degrees west.

"Foreign going ship" means a ship registered in Antigua and Barbuda not being a home trade ship employed in between any po~t or place in Antigua and Barbuda and any other port or place or between ports or places outside Antigua and Barbuda.

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